BUSINESS NEWS

Mnangagwa's 6% growth boast rings hollow

While President Emmerson Mnangagwa's government has been celebrating a projected 6% economic growth rate for 2025, analysts say the figure is largely meaningless in real terms and masks the administra...

BUSINESS NEWS

Mthuli Ncube outlined growth strategy at Zanu-PF Conference

Finance and Economic Development Minister Mthuli Ncube delivered a detailed economic address at the Zanu-PF annual conference in Mutare on Friday, highlighting government's roadmap for sustained grow...

BUSINESS NEWS

Pensions sector demonstrates resilient growth

Zimbabwe's pensions sector recorded steady growth in the first half of 2025, with total assets rising to US$2.63 billion (ZWG70.76 billion) as of June 30, reflecting a 6% increase from US$2.48 billio...

BUSINESS NEWS

Mining projects driving Zimbabwe growth

ONGOING and new mining projects are playing a key role in steering Zimbabwe towards an industrialised, modern, and prosperous economy by 2030, Mines and Mining Development Minister Winston Chitando h...

TRANSPORT & TOURISM

Unifreight reports 231% revenue growth

Unifreight Africa has reported a strong financial performance for the half-year ended 30 June 2025, driven by expanding cross-border operations and increased trade activity along the Beira corridor.G...

TELECOMS & TECHNOLOGY

Zimbabwe mobile operators record strong growth

Zimbabwe's mobile telecommunications sector recorded significant growth in the second quarter of 2025, with revenues climbing, costs easing, and capital investment reaching record levels, according t...

INDUSTRIALS & ENERGY

Tanganda Tea posts 65% revenue growth

Tanganda Tea Company Limited has recorded a 65% increase in revenue for the third quarter ended June 30, 2025, despite facing lower export volumes, adverse weather, and exchange rate volatility.Revenu...

OPINION

Are Zimbabwe economic growth rates real?

Every year, the Zimbabwean government and multilateral financial institutions project that the economy will grow by huge margins, yet the current economic situation does not meaningfully change, and ...

ZIMBABWE

AfDB projects 6% economic growth for Zimbabwe

The African Development Bank (AfDB) has projected that Zimbabwe is on track to achieve a six percent economic growth rate this year, supported by stability and recovery across key productive sectors.A...

INDUSTRIALS & ENERGY

Beverage makers say 35% RBZ rate hampers growth

Zimbabwe's beverage industry has raised concerns over the Reserve Bank of Zimbabwe's (RBZ) decision to maintain the bank policy rate at 35% per annum, saying the high interest rate is constraining gr...

TELECOMS & TECHNOLOGY

NetOne posts record growth

State-owned mobile network operator NetOne has delivered a historic performance, posting record revenue and profit growth while aggressively expanding its high-speed 4G and 5G networks in a bold push ...

ECONOMC INDICATORS

Zimbabwe slashes mining growth forecast

Zimbabwe has revised its mining sector growth forecast downward for 2025, citing a sharp drop in global prices for key minerals including platinum group metals (PGMs) and lithium, Finance Minister Mth...

AMERICAS

Gates launches plan to reduce population growth in Africa

The Gates Foundation is set to introduce a contraceptive in Kenya and other African countries, a hormonal intrauterine device (IUD) capable of preventing pregnancy for up to eight years.This marks th...

BUSINESS NEWS

Zimbabwe revises upwards agric sector growth to 21.1%

The government has sharply revised upwards its projected growth for the agricultural sector to 21.1% in 2025, up from an earlier forecast of 12.8%, largely due to the positive impact of the La Nina we...

BUSINESS NEWS

Zimbabwe retailers bank on 6% economic growth

The Confederation of Zimbabwe Retailers (CZR) says it expects consumer spending to rise this year, buoyed by the government's projected 6% economic growth, despite continued pressure on household inco...

BUSINESS NEWS

Zimbabwe's manufacturing growth target missed

The Zimbabwe National Industrial Development Policy (ZNIDP) 1, aimed at growing the manufacturing sector by at least 2% annually, has failed to meet its target due to ongoing macroeconomic instability...

Zimbabwe on track for 6% growth

Zimbabwe is on track to achieve a forecasted 6% economic growth in 2025 helped by good agricultural output and strong commodity prices, Finance Minister Mthuli Ncube said on Thursday.The Southern Afri...

CONSTRUCTION & PROPERTY

Growth prospects shine in Zimbabwe's construction markets

Construction markets in Zimbabwe and South Africa are expected to maintain a strong growth trajectory, creating favorable conditions for companies like PPC to enhance their competitiveness against imp...

CONSTRUCTION & PROPERTY

Construction boom in Zimbabwe spurs growth for PPC

The construction sectors in Zimbabwe and South Africa are showing strong signs of sustained growth, creating favourable conditions for companies like Pretoria Portland Cement (PPC) to increase competi...

BUSINESS NEWS

Outdated policies hindering SMEs growth in Zimbabwe

There is growing urgency for Zimbabwe to overhaul its legal and policy framework governing small and medium enterprises (SMEs) to protect them from the looming threat of regional competition, particul...

ZIMBABWE

Securities firm tips 'agile stocks' for growth

Securities firm IH Securities has projected that agile and adaptive companies on the Zimbabwe Stock Exchange (ZSE) will outperform their peers, as the local bourse continues to respond to volatile mon...

BUSINESS NEWS

Sunway City targets 70% growth in five years

Sunway City, one of Zimbabwe's flagship special economic zones (SEZs) and a major smart city development project, is aiming to reach at least 70 percent completion within the next five years as part o...

TELECOMS & TECHNOLOGY

NetOne records growth in market share

STATE owned mobile network operator, NetOne's revenue market share grew by 1.1% at a time when the company has managed to recover from a loss position.This is according to the Postal and Telecommunica...

TELECOMS & TECHNOLOGY

Telecoms sector posts revenue growth

Zimbabwe's telecommunications sector registered growth in revenues for the quarter ending June 30, 2019, mainly on the back of upward tariff reviews as economic headwinds persisted. The sector, like a...

BUSINESS NEWS

Money supply growth accelerates in June

The Reserve Bank of Zimbabwe (RBZ) released its monthly economic review for June detailing monetary statistics for the 2019 half year. The report comes in the build up to Governor Dr. John Mangudya's ...